CPC To Raise Gasoline, Diesel Prices Amid Middle East War
State-owned oil company CPC says it's raising gasoline and diesel prices Monday amid fears the Middle East war could also see blocked access to the Red Sea. However, the company is still offsetting some of the higher costs the war has brought, cushioning consumers.
Title: Taiwan Fuel Prices Set to Increase
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REPORTER:
State-owned oil company CPC says it’s raising gasoline and diesel prices from Monday.
The company says gasoline will cost two US cents more per liter, while diesel prices will go up one US cent per liter. CPC says it is still absorbing some of the higher costs to cushion Taiwan’s consumers. The expanding war in the Middle East is threatening access to the Red Sea as well as the Strait of Hormuz, raising concerns over global oil supplies.
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Taiwan Fuel Prices to Go Up
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REPORTER:
State-owned oil company CPC says it’s raising gasoline and diesel prices and the Middle East War threatens not the critical Strait of Hormuz but access to the Red Sea.
The company says from Monday, gasoline will cost two US cents more per liter, while diesel prices will go up one US cent per liter. Despite the risk of more disruption and the higher prices, though, CPC says it is still absorbing some of the higher costs to cushion Taiwan’s consumer, offsetting eleven US cents per liter of gasoline and six cents per liter of diesel.
